The Thanksgiving dinner inflation: By the numbers
It's almost Turkey Day. And this year, your bird will cost 22 percent more than 2010's, according to the American Farm Bureau Federation's annual survey of Thanksgiving foodstuffs. The (admittedly unscientific) results were calculated based on the prices paid by 141 volunteer shoppers in 35 states. Here, a guide to the Thanksgiving dinner inflation, by the numbers:
Cost of a Thanksgiving meal for 10 people last year, according to the survey
Cost of the meal in 1986
Cost of a 16-pound turkey in 2010
Cost of a 16-pound turkey this year
Percent increase in the cost of turkeys since last year. "Turkey prices are higher this year primarily due to strong consumer demand both here in the U.S. and globally," says a senior economist with the American Farm Bureau Federation.
Cost of a gallon of whole milk in 2010
Cost this year, a 13 percent increase
Cost of 30 ounces of pumpkin pie mix in 2010
Cost this year, a 16 percent increase
Average price of a gallon of unleaded gas around Thanksgiving 2010
Average price this year, about an 18 percent increase. "You have to love it when you have gas up nearing 20 percent and the cost of turkey up over 22 percent," says Jon C. Ogg at 24/7 Wall St.